As we all know the top tax bracket is >50% in some provinces. Way too high for what we get out of it. Looking to pay less, anyone got any tax evasion tips for next year? I've got a sole proprietorship on the side if that helps. Already maxed RRSP and FHSA so no luck there.
Inb4 move to America (I am strongly considering it)
We would like to acknowledge that this hole is established on the traditional and vibrantly coloured land of Don Cherry. We recognize the many years of service and garishly coloured joy he has brought us here on Turtle Island. May we continue to celebrate the spirit of Don Cherry's land with respect and appreciation.
Nous tenons à reconnaître que ce trou est établi sur le terrain traditionnel et aux couleurs vives de Don Cherry. Nous reconnaissons les nombreuses années de service et la joie aux couleurs criardes qu'il nous a apportées ici sur l'Île de la Tortue. Puissions-nous continuer à célébrer l'esprit de la terre de Don Cherry avec respect et appréciation.
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Cash is King cute twink
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Hard to find an under the table codecel job unfortunately
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Work for cyber criminals u dork. do a darkshades
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Actually not a bad idea, been think about putting together a shitcoin exit scam
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hmu if ya do, i like money
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!slots420
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Go drive trucks instead.
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I have a legal tax evasion tip although not as effective nowadays. Income splitting, all you need is a spouse or dependent and you can save
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I know lots of business owners "employ" family members so that they each earn a salary in a more agreeable bracket than if one person earned all that money.
Maybe get a native ID card and claim you live on rez??
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Unfortunately still have to pay both sides of cpp when paying family members. I think best is to incorporate and take dividends instead. The native hack is such a good grift, wish I could one drop rule my way in but I'm as white as they come
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The best plan I have involves making an agreement with someone to sell each other goods or services for well below market value. As the seller you pay less tax on the earnings and as the buyer you obviously save money.
It's essentially bartering but I guess the small amounts of cash exchanged are insurance for when you don't both have the good available to trade at the same time.
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Hadn't considered this, could work for my sole prop some of my clients have goods I'd buy, might actually save me from having to charge gst too
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Leave Canada
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What province? I'd leave Ontario as they're passing an act that would ban employers from requiring Canadian experience
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BC, didn't know that though, guess I won't be moving to ontario
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Technically employers don't have to change, just reject unqualified people and say “we're moving in a different direction”. But for engineers/APEGA I bet that will be a shitshow
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You answered your own question. Do it, the healthcare is better here anyway.
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